Harbinger Times

Automotive Robotics Market to Exceed $15 billion by 2023.

North America is likely to exhibit high growth avenues with U.S automotive robotics market being the major region for implementation of these machines. Europe is automotive robotics market is anticipated to experience substantial hike from 2016 to 2023.

The Automotive Robotics Market is segregated on the basis of functions performed, products as well as end users. Key functions performed by robots encapsulate welding, assembling, painting, dispensing as well as cutting among others. In addition, automated guided vehicles are also likely to surge the demand for these robots. Based on products the industry can be segmented into SCARA Robots, Articulated Robot and Cartesian Robots, among others. End user sector involves multiple applications that includes all the task related to vehicle manufacturing as well as all the activities concerned with automotive component suppliers in the industry.

Proliferating growth of the automotive industry is anticipated to positively impact the industry demand. In addition, flourishing need of meeting consumer requirements are expected to fuel the demand for these systems.

Key applications include welding, painting and assembling. Cutting as well as dispensing jobs are also well performed by optimum application of these robots. Numerous material handling applications are likely to incorporate the optimal utilization of these robots and are anticipated to drive the demand over the several forth coming years. Increasing use of automated guided vehicles (AGVs) in factories is expected to propel the industry growth.

Escalating adoption of these industrial robots in various developing nations is expected to drive the market. The industry is anticipated to receive massive demand from numerous industries such as electrical & electronic, food & beverages as well as automotive sectors over the forecast period. Proliferating use of these robots are expected to replace the skilled labors in the industries. Precision based tasks such as welding as well as packaging are performed much better by these robots.

Asia Pacific is expected to witness significant growth owing to rapid industrialization accompanied by increasing manufacturing activities in the region over the forecast period. China automotive robotics market share is expected to exhibit considerable growth owing to advent of numerous governmental initiatives such as encouraging investment credits. That is likely to motivate the local trades and this ultimately aids in exponential development of the domestic vendors in the region.

North America is likely to exhibit high growth avenues with U.S automotive robotics market being the major region for implementation of these machines. Europe is automotive robotics market is anticipated to experience substantial hike from 2016 to 2023. The surge can be attributed to presence of high number of automotive industries across the region with Germany being the key region for the industrial surge. Intensifying hike in procuring capacities is also expected to positively spike the demand for superior quality consumer goods. This in turn is anticipated to elevate the industry growth over the several upcoming years.

This latest Automotive Robotics Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Automotive Robotics industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

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